The Determinant of Financial Distress on Indonesian Family Firm

被引：26

作者：

Kristanti, Farida Titik ^{[1
]}

Rahayu, Sri ^{[1
]}

Huda, Akhmad Nurul ^{[1
]}

机构：

[1] Telkom Univ, Fac Econ & Business, Dept Accountig, Bandung 40257, West Java, Indonesia

来源：

3RD GLOBAL CONFERENCE ON BUSINESS AND SOCIAL SCIENCES (GCBSS-2016) ON CONTEMPORARY ISSUES IN MANAGEMENT AND SOCIAL SCIENCES RESEARCH | 2016年 / 219卷

关键词：

Corporate governance; Family firm; Financial distress; Financial ratio; CORPORATE GOVERNANCE; BANKRUPTCY; PERFORMANCE; PREDICTION; OWNERSHIP;

D O I：

10.1016/j.sbspro.2016.05.018

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This paper aims to find the influence of the corporate governance and financial ratios on the probability of financially distressed family firms in Indonesia that are listed in Indonesia Stock Exchange in the period of 2008 - 2013. There is a performance difference between family firms and non-family firms in Indonesia, but there is no risk difference between both of them. The logistic regression showed that the adoption of corporate governance can boost company's financial performance and allow them to avoid financial distress. This study also showed that conservative capital structure is not adopted by the Indonesian family firm. (C) 2016 The Authors. Published by Elsevier Ltd.

引用

页码：440 / 447

页数：8